{
  "url": "https://openlegislation.uk/teachers-pensions-regulations-1997/schedule-12/paragraph-3",
  "json_url": "https://openlegislation.uk/teachers-pensions-regulations-1997/schedule-12/paragraph-3.json",
  "legislation": "uksi/1997/3001",
  "legislation_title": "The Teachers' Pensions Regulations 1997",
  "legislation_url": "https://openlegislation.uk/teachers-pensions-regulations-1997",
  "path": "schedule/12/paragraph/3",
  "kind": "paragraph",
  "number": "3",
  "heading": null,
  "text": "Where—\n(a) a transfer value is payable to the scheme managers of an approved pension scheme which is not a club scheme, and\n(b) the service to which it relates includes service before 1st September 1988, and\n(c) no right to a cash equivalent was acquired,\nthe amount of the transfer value is the total of\nA and the greater of B and C, where—\nA is a notional transfer value, calculated on the cash equivalent basis, in respect of the person’s service after 31st August 1988,\nB is a notional transfer value, calculated on the cash equivalent basis, in respect of his service before 1st September 1988, and\nC is a notional transfer value, calculated as if Schedule 7 to the 1976 Regulations, as in force on 31st August 1988, had continued in force, in respect his service before 1st September 1988.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "am",
      "affecting": "uksi/2006/736",
      "affecting_title": "The Teachers' Pensions (Miscellaneous Amendments) Regulations 2006"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1997/3001/schedule/12/paragraph/3",
    "retrieved_at": "2026-10-29T11:40:26.186253+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}